Start the year reviewing finances

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AT this time of year many of us are thinking about packing away the Christmas tree, getting the kids ready to head back to school, or making a start on New Year's resolutions to kick the year off on the right track.

One resolution that could make a real difference this year is to review your finances with the help of a financial adviser.

Why do I need financial advice?

Everyone has different goals in life, but for most of us, finances play an important role in reaching them. That's where a financial adviser can help.

While many people can manage their money day to day, reaching your long-term financial goals requires you to make a number of important decisions.

For starters, would you be better off paying off your mortgage or putting the money into super?

Should you invest in shares or property?

Where should you invest.- buy shares directly or through a managed fund?

And should you put your money into Australian or international investments?

The raft of questions can be quite daunting, and that's only the start of it.

These are all complex issues, which is precisely why many Australians see a financial adviser.

When is the best time to seek advice?

Most people choose to seek financial advice at significant turning points in their life.

You may need some help considering your options at some of those exciting life events, such as buying a home, starting a business or retiring from work.

Having some support in making those big financial decisions can help to give you peace of mind.

How you manage these life events and the financial decisions you make may have a significant impact on your financial future.

How could a financial adviser help you?

Good financial advice is all about making the most of life - helping you to decide what you want to achieve and setting the financial strategies to help you do it.

Many people also enjoy the peace of mind that comes from having a plan in place - the feeling that their finances are being taken care of, and that they're heading in the right direction.

Rick Rutten is an authorised representative of RI Advice Group Pty Limited. This editorial is general advice only.